Cooling-off period

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Cooling-off period

The period of time between the filing of a preliminary prospectus with the Securities and Exchange Commission and the actual public offering of the securities.

Cooling-Off Period

An SEC rule mandating that several days transpire between the filing of a new issue's prospectus and the actual offering of the issue. This allows potential buyers and the seller to have a final chance to investigate the new issue and attempt to determine if there will be any previously unforeseen problems. The cooling off period is usually 20 days, but the SEC may change that for individual offerings at its discretion. It is also called the waiting period.

cooling-off period

The required waiting period between the time a firm files a registration statement for a new security issue with the SEC and the time the securities actually can be issued. The cooling-off period is usually 20 days, although the SEC may alter it for individual issues. Also called twenty-day period, waiting period. See also effective date.

Cooling-off period.

In the financial industry, a cooling-off period applies when a new issue is being brought to market. During this time, also known as the quiet period, investment bankers and underwriters aren't permitted to discuss the issue with the public.

In the consumer world, during a cooling-off period, you can cancel your obligation to purchase a product or take a loan without penalty if you change your mind.

Different kinds of transactions are governed by different cooling-off rules. For example, one federal rule allows you to cancel home improvement loans and second mortgages within three days of signing.

Another gives you three days to return purchases you make at places other than a merchant's usual place of business, such as at a trade show.

The law governing your cooling-off rights, sometimes known as buyers' remorse rules, is included in the fine print on any agreement you sign.

References in periodicals archive ?
Having found that electricity is "goods" for purposes of Section 503(b)(9) of the Bankruptcy Code, the court granted PacifiCorps motion for allowance of its administrative priority claim in the amount of $84,253.95 for the value of electricity it had supplied to Escalera during the 20-day period prior to the Petition Date.
First, we estimated the relative risk (RR) of kidney stone presentation in association with daily mean temperatures for each day during a 20-day period after the temperature exposure (lag-response).
A prospective audit of all requests for CK-MB and/or cTnI received at the NHLS chemistry laboratory for a 20-day period during December 2012 was undertaken; this period was chosen for convenience, as it was a quiet time because most outpatient clinics were closed.
Under the agreement, the Senate met in pro forma session every three business days for the 20-day period from Jan.
Traders are also keeping an eye on the rocket launch by North Korea planned for sometime during a 20-day period starting Monday, Ino said.
The average trading prices for the 20-day period ending two days before the closing date of the merger was $14.44.
Since It]he expiration of this 20-day period terminates a party's right to contest the obligation to arbitrate *** the validity of the 20-day limitation period depends on the sufficiency of the notice'" (Northern Assurance company of America v Bollinger, 256 AD2d 580, 581 [2d Dept 1998]).
To calculate total emissions over the 20-day period, the fluxes from each chamber were integrated using linear interpolation between measurement days, and then the arithmetic mean and standard error were calculated.
LONDON -- Actavis says it delivered about 10 million levothyroxine tablets within a critical 20-day period recently to parts of earthquake-devastated Japan.
Mancini claims the fifth-round tie with Villa marks the start of a 20-day period for the Blues which will define their season and their hopes of ending their 35-year trophy wait.
Yet BBC Alba averages around 58,000 viewers, whereas leaked figures earlier this year showed that, over one 20-day period, as many as 196 of the 890 programmes put out by S4C were rated as having zero viewers.
In other cases, the effects took a full 20 days to appear - or for some seaweed species, no damaging effects were noted during the 20-day period. Ultimately, as much as 70 percent of the seaweed species studied turned out to have harmful effects - but only when they were in direct contact with the coral.